Trustees’ Annual Report for the period
From: 6[th] April 2023 To: 5[th] April 2024
Charity name: Peter Woodman Charitable Trust
Charity registration number: 1172473
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient and To help young people, especially but not exclusively through leisure time activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Largely support of projects, charities, NGOs and individuals in Kenya and Uganda |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had due regard to the guidance issued by the Charity Commission on public benefit |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | |
|---|---|
| Policy on grant making | Para 1.38 |
| Policy on social investment | Para 1.38 |
| including program related | |
| investment | |
| Contribution made by | Para 1.38 |
| volunteers |
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole |
Para 1.20 | The charity met its stated aims and was able to support a number of projects and individuals in Kenya and Uganda. Hands for Hope Uganda ugandahandsforhope.org supports the most vulnerable community in Namuwongo in the suburbs of Kampala Child Rescue Kenya supports youth development around Kitale area in Kenya Child Rescue Kenya– Jacob Oratiang'a was supported to open an internet café in Eldoret David Limo was supported to allow him to finish his last two years of high school in Kitale, Kenya |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | After market losses in the financial year 2022-23 market gains in 2023-24 allowed a healthy growth of charity funds |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | There is no active fund raising for this charity. Initial funds were generated through payroll giving over a number of years. Investment of reserves now generate the growth to maintain continual giving of grants |
| Amount of reserves held | Para 1.22 | £277,391 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Return on investments in index funds and returns through bonds invested in Energise Africa |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | To generate sufficient returns to allow continual support of projects without the need for active fund raising |
| A description of the principal risks facing the charity |
Para 1.46 | As most reserves and funds are invested through index funds in the stock market, they are subject to gains and losses in these markets |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by existing trustees |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Peter Woodman Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1172473 |
| Charity’s principal address | 5 St. Raphael Road, Worthing West Sussex BN11 5HL |
Names of the charity trustees who manage the charity
| 1 2 3 4 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Peter Woodman | Chairman | |||
| Malcolm Peppiatt | ||||
| Erin Bird | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None | ||
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| None | ||
| Name of chief executive or names of senior staff members (Optional information) | ||
| N/A |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Peter Woodman ~~a~~ Position (eg Secretary, Chairman Chair, etc) ~~ee~~ Date 29th October 2024 ~~|~~
Peter Woodman Charitable Trust Registered Charity No. 1172473
Accounts for the year ended April 5[th] 2024
INCOME
Donations received Energise Africa Bond Profit Profit on investments Total income
EXPENDITURE
Child Rescue Kenya LIFT / Hands for Hope Jacob Oratiang'a David Limo - school fees Interactive Investor charges Auditor expenses Total costs
SURPLUS FOR THE YEAR
Surplus brought forward 2022-2023
Represented by:
Cash at bank Energise Africa Bond Investments in Interactive Investor Total Balance
SURPLUS CARRIED FORWARD 2023-2024
Represented by:
Cash at bank Energise Africa Bond
Investments in Interactive Investor Total Balance
£ - £ 780 £ 42,400 £ 43,180 £ 5,051 £ 4,500 £ 3,209 £ 1,141 £ 134 £ 100 £ 14,135 £ 29,045 £ 248,346 £ 117 £ 10,840 £ 237,389 £ 248,346 £ 277,391 £ 132 £ 11,620
265,639 277,391
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of |
Peter Woodman Charitable Trust | ||
|---|---|---|---|
| On accounts for the year | 5thApril 2024 | Charity no | 1172473 |
| ended | (if any) | ||
| Set out on pages | |||
| I report to the trustees on my examination of the accounts of the above | |||
| charity (“the Trust”) for the year ended 5thApril 2023 | |||
| Responsibilities and | As the charity's trustees, you are responsible for the preparation of the | ||
| basis of report | accounts in accordance with the requirements of the Charities Act 2011 | ||
| (“the Act”). |
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| Signed: | Lisa La Roche | Date: | 26/10/2024 |
|---|---|---|---|
| Name: | Lisa La Roche | ||
| Relevant professional | |||
| qualification(s) or body | |||
| (if any): | |||
| Address: | 41 Long Meadow | ||
| Launceston | |||
| PL15 7FZ |
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .